ALPH Alpha Group International Plc

3 April 2024

Alpha Group International plc

("Alpha" or the "Company")

Intended application for admission to the Main Market and

cancellation of trading on AIM

Alpha Group International plc, (AIM: ALPH), a high-tech, high-touch provider of financial solutions, dedicated to corporates and institutions operating internationally, today confirms, in line with prior guidance, its intention to apply for Alpha's ordinary shares to be admitted to the premium listing segment of the Official List and to be traded on the main market for listed securities (the "Main Market") of the London Stock Exchange plc (the "London Stock Exchange") ("Admission"). The Company's listing on AIM will be cancelled with effect from Admission, envisaged during May 2024. 

Our business is growing in size, becoming more global, and gaining interest from increasingly larger clients. We believe that a Main Market Premium listing will serve to further enhance our reputation and support our market penetration as we move into additional countries and engage larger clients. At the same time, Premium Listing standards will align with Alpha's commitment to providing higher levels of governance and disclosure, both of which we know will continue to be well-received by our clients, banking partners and investors alike.

Admission is subject to (i) the approval by the FCA of a Prospectus and admission to the premium listing segment of the Official List; and (ii) admission by the London Stock Exchange to trading of the ordinary shares on the Main Market. Subject to satisfaction of these conditions, Admission is expected to occur, and the Company's listing on AIM to be cancelled simultaneously on a date not earlier than 2 May 2024 (being at least 20 business days after the date of this announcement). Accordingly, the Company hereby gives notice of the intended cancellation of trading of its ordinary shares on AIM in accordance with Rule 41 of the AIM Rules for Companies. Alpha will make a further announcement on the status of the proposed applications for Admission (and the timeline for Admission) in due course. Admission will be effected through an introduction of the existing ordinary shares and Alpha will not raise any funds or offer any new securities in connection with Admission or the publication of the related prospectus. 

Admission is not expected to be conditional upon any shareholder approval. Alpha shareholders should consult their advisors regarding the consequences of Admission on their personal tax position.

Peel Hunt LLP is acting as sponsor to Alpha in connection with Admission.

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Notes to editors

Alpha is a high-tech, high-touch provider of enhanced financial solutions dedicated to corporates and institutions globally. Working with clients across 50+ countries, we blend intelligent human capabilities with new technologies to provide clients with an enhanced alternative to traditional banking services, with solutions covering: FX risk management, global accounts mass payments, fund finance and cash management.

Key to our success is our team - over 450 people based across nine global offices, brought together by a high-performance culture and a partnership ethos that empowers them to act as owners of our business.

Whilst we are an established business listed on the London Stock Exchange, we remain relentlessly focused on maintaining the same level of operational agility and client focus we had when we first started in 2009. This dynamic, combined with the passion of our people, have enabled us to make a substantial and enduring difference to our clients, and deliver a growth story to match.